The Lake Charles echo. [volume] (Lake Charles, Parish of Calcasieu, La.) 1876-1898, 1887-05-21
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slave Factory Co.
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1safEksS 6taxiGsfed and 8elR nay -sieYel, and
ioi the Independence Of the United
States The One hundred and Eleventh,
hsfore me, Thomas II Isinpefer, 4 Notary
Rabiicin and for Calcasien Parish, State
of Isolisiana, duly commissioned and
qualiAad. and ID the presence Of wit
ilasss hereinafter named and UNDER
signl, personally cauae and appeared
the several persons whose names are
harenntD subscribed, aho declared that
aYailing themselves If the provisions of
laws the Of this State relative 10 the or
ganization Of corporations, they have
contracted and agreed and do by these
presents, covenant and agree and bind
themselves as well rs such persons as
may hereafter becnms associated with
them. 10 form and constitute 6orpof-
alton md body polite in law for the
objects mud purposes and under the
agreements and stipulations following,
to-wit
ARTICLE /.
The name and title Of said corpora.
tion shall ba the LAKE CHARLES
HOOP AND STAVE FACTORY
COMPANY, and under it's said name
IL shall have power and authority to
have and enjoy succession for the full
term md period of twenty-five years
from and after the date hereof; TO con-
tract, she and be sued, TO make and use
corporate seal and the same to break
or alter at pleasure to hold, receive,
lease, purchase and convey its corpor-
ate name, property, both real and per-
sonal; 10 name and appoint such man
ayers, directors, officers and agents as
the interests and convenience of said
corporation may require /; and to make
and establish such bylaws, rules and
regulations for the proper management
Of the affairs Of said corporation as may
be necessary and proper, aud the same
to change, alter and amend at pleasure.
ARTICLE il.
The domicile Of said corporation shall
be in the town Of Lake Charles, State
Of Louisiana, and all citations or other
legal processes shall be served upon the
President Of said corporation, or in
case Of his absence. the Vice-P President,
or Of absence Of both of these officers,
upon the Secretary thereof.
ARTICLE III.
The objects and purposes for which
this corporation is established, and the
nature OF the business to be carried on
By it are declared and specified to be
the manufacture and sale of Barrel
Hoops and Barrel Slaves and wooden
ware generally.
ARTICLE IN.
The capital stock of this corporation
is hereby fixed at the sum of Two
and Six Hundred Dollars,
divided into and represented by TWEEN
ty.six (26) shares Of One Hundred Dol
lars each, twenty per eentum of said
shares 30 be paid at the time of snb
and the balance in equal in
Of ten per centnm, to be paid
thereafter, until each sub
scription is fully paid up.
. ARTICLE Y.
The corporate powers of this eorpor-
alton shall be vested IN and exercised
by Board Of Directors composed of
Ave stockholders, each of whom shall
own in his own name, ut least one share
Of the capital stock of said company.
Said directors shall be elected annually
on the first Monday in January, begin
ming with the first Monday in January.
1889, and all such elections shall be by
ballot and conducted at the office of
sald company under the superintend.
ence of three commissioners, TO be np-
pointed by the Board of Directors.
Ten days prior notice Of said election
shall be given by publication in one of
the newspapers published in the town
of Lake Charles, State of Louisiana,
and the directors then elected shall
serve and continue in Office until their
Successors shall have been elected and
qualified. Each stakeholder shall be
entitled to cast, either in person or by
proxy, one vote for each and every
share Of stock held by him in his own
name, and majority of the votes cast
shall elect. A failure to elect directors
on the date above specified shall not
dissolve the corporation, but the then
existing Board Of Directors shall con-
Time To hold Office, and another election
shall be held as soon as may sbe there
after, whereof ten days prior notice shall
be given In one newspaper published
in the town Of Lake Charles, Louisiana.
Vacancies occurring in said Board from
any cause whatever, shall be filled by
the remaining directors, and five mem.
beers of said Board shall constitute q
quorum for the transaction Of business.
Said Board of Directors at their first
meeting each year shall elect out ei
1
/ Vice President, and shall also elect .
Secretary and a Treasurer both Offices
may be included in one---as well as ap.
point from time to time, and dismiss al
their will, snoh officers, clerks or agents
and other employees as may be deemed
necessary for the business and purpose
ct said company, and to make and
establish, as well as amend and alter,
all BY laws, rules and regulations
deemed requisite for The support and
management Of the affairs and bus.
mess Of said corporation. Said Board
of Directors shall have full authority
to borrow money, execute mortgages,
issue notes, on bonds, TO enter, buy OF
sell real estate and other property, and
make contracts and generallyto do and
permit All things and acts and matters
pertinent to the objects and purposes
of said corporation or which are on may
be permitted by the Laws applicable TO
corporations; and also 10 issue and de-
luer full paid shares to the stock or
bondsor obligations ofsaid corporation,
at no less than par, in payment Of labor
done Of money borrowed, or property
Of rights actually received by said cor
poration.
ARTICLE vi.
In the case Of failure on the part 81
any subscriber to pay the installments
IN his stock as required the Board Of
DiTectDrs shall have the option, after
thirty days written notice III the lelin-
aaent, 1T fexfeisinR tlle stock aud sell.
ing II foE the benefit f the company,
IA III e0apellina by amt, Vie payment
gt saea laaAafiassnsa and M stock.
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